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What are the average daily receipts

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Reference no: EM132805920

Question - The BDF Co. receives five cheques per month, each month. The payments and clearing times are: $4,000, two days; $6,000, two days; $3,000, five days; $8,000, three days, and $7,000, four days. Assume a 360-day year. What are the average daily receipts?

A. $76.71

B. $686.67

C. $933.33

D. $1,019.19

Reference no: EM132805920

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